Form 4: Impinj Inc. Executive Hussein Mecklai Reports Stock Transactions
SEC Form 4
Hussein Mecklai, Chief Operating Officer of Impinj Inc., reports the acquisition and disposal of common stock and restricted stock units to cover tax obligations.
Summary
- On July 12, 2024, Hussein Mecklai, the Chief Operating Officer of Impinj Inc., acquired 1,093 shares of common stock through the vesting of restricted stock units (RSUs).
- On July 15, 2024, Mecklai disposed of 270 shares at a weighted average price of $175.0053, 106 shares at $175.9615, and 40 shares at $176.91 to cover tax withholding obligations related to the RSU settlement.
- Following these transactions, Mecklai directly owns 58,104 shares of Impinj Inc. common stock and 3,282 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is standard practice and provides transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations from vested RSUs.
Key Dates
| Date | Description |
|---|---|
| 04/12/2021 | Reporting person was granted 17,500 RSUs |
| 04/12/2022 | One fourth of RSUs vested |
| 07/12/2024 | Acquisition of 1,093 shares through RSU vesting |
| 07/15/2024 | Disposal of 416 shares to cover tax obligations |
| 07/16/2024 | Date of Form 4 signature |
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